Cryptocurrency

The Nation, an English-language news outlet based in Thailand, reported on Jan. 8 that Thailand’s Deputy Prime Minister and Finance Minister Pichai Chunhavajira unveiled a pilot project to test cryptocurrency as an alternative to cash in Phuket. According to The Nation, the initiative aims to make it easier for foreign tourists to use digital assets […]

The cryptocurrency market is enduring a significant sell-off that saw the price of the flagship cryptocurrency bitcoin (BTC) plunge more than 4% from nearly $103,000 to now stand at around $97,900. The sell-off has affected most top digital currencies, with Ethereum’s ether losing around 7% of its value in the last 24-hour period, while XRP […]

The exchange rate between the Offshore Chinese Yuan (CNH) and the U.S. Dollar has become a focal point for global macro traders as it approaches a critical threshold of 7.368. On Jan. 7, 2025, André Dragosch, European Head of Research at Bitwise Asset Management, explained on the social media platform X why this matters — […]

Backpack Exchange is set to expand its presence in the European Union (E.U.) cryptocurrency market, following its acquisition of FTX EU. The deal, approved by the Cyprus Securities and Exchange Commission (CySEC) and the FTX bankruptcy court, enables Backpack to relaunch the MiFID II-licensed entity as Backpack EU, with plans to offer a full suite […]

Canadian Prime Minister Justin Trudeau is reportedly likely to announce his intention to step down from his leadership of the Liberal Party as early as later today, according to the anonymous sources familiar with the matter who spoke with Reuters and The Globe and Mail. This potential departure comes after a series of gloomy polls […]

Galaxy Research recently provided its clients and counterparties with a detailed set of predictions for the cryptocurrency industry in 2025. Bitcoin’s Record-Breaking Trajectory According to Galaxy Research, Bitcoin is expected to cross $150,000 in the first half of 2025 and test or exceed $185,000 by the fourth quarter. This growth will be driven by institutional, […]

Haseeb Qureshi, managing partner at Dragonfly Capital, shared his predictions for the cryptocurrency industry in a post on social media platform X on Jan. 1. Layer 1 and Layer 2 Networks Qureshi predicted the distinction between Layer 1 (L1) and Layer 2 (L2) blockchains would continue to fade in 2025, with users paying little attention […]

Franklin Templeton Digital Assets recently released their 2025 Crypto Outlook; their predictions highlight significant advancements shaped by regulatory clarity, institutional adoption, and technological innovation. Franklin Templeton predicts the following: Regulatory clarity to lead market growth: U.S. regulators, particularly the SEC, are expected to play a pivotal role in shaping the crypto landscape. Enhanced regulatory frameworks […]

On Tuesday, prominent crypto analyst Miles Deutscher shared his annual predictions for the cryptocurrency market on X. Here’s what Deutscher expects to see in 2025: Bitcoin Dominance Has PeakedDeutscher predicts Bitcoin’s dominance in the market has already reached its cycle high of 61.5%. While he anticipates some periods of outperformance for Bitcoin, he believes the […]

The transition from Wall Street to cryptocurrency has been both risky and transformative for finance professionals who made the leap. Many who left lucrative roles at top institutions during the last bull market are now reportedly seeing their decisions validated. Bitcoin’s historic surge past $100,000 marks a dramatic recovery from the 2022 crypto winter, when […]

The crypto market, once riding high on optimism just days ago, has entered the holiday season in a slump. Bitcoin, which reached its all-time high of $108,364 on December 17, 2024, is now trading at $94,416 as of 1:15 p.m. UTC on December 24. The total cryptocurrency market capitalization followed a similar trajectory, reaching an […]

The cryptocurrency market has experienced significant losses in the aftermath of the Federal Reserve’s December 18, 2024, policy announcement. Total cryptocurrency market capitalization has plunged from $3.66 trillion on December 17, just 24 hours before the Fed’s announcement, to $3.16 trillion as of December 23. This $500 billion, or 13.6%, loss in under a week […]

On December 23, pseudonymous analyst Marty Marty shared an analysis of the U.S. Dollar Index (DXY), highlighting its potential impact on financial markets, including cryptocurrencies. The DXY, which measures the strength of the U.S. dollar against a basket of major currencies, currently stands at 107.84. This marks a significant recovery from its year-to-date low of […]

Crypto markets are in turmoil, with steep declines in major assets like Bitcoin and Ethereum since Dec. 18, 2024. The downturn began immediately after the Federal Reserve’s FOMC meeting, where policymakers issued a cautious statement about monetary policy and Jerome Powell, the Fed Chair, provided remarks that spooked markets. Jamie Coutts, the Chief Crypto at […]

On Wednesday, the Federal Reserve, the central bank of the United States, announced the decision of the Dec. 17-18 meeting of its Federal Open Market Committee (FOMC) regarding interest rates. According to the Fed’s FOMC Statement, although progress has been made on cutting inflation, it still remains higher than what they would like, which is […]

Leading asset management firm VanEck has unveiled its vision for cryptocurrency markets in 2025, offering notably optimistic projections across multiple sectors. Their market outlook suggests an intriguing year ahead for crypto prices. Breaking from traditional market cycle patterns, the firm sees major cryptocurrencies hitting an early peak in 2025’s first quarter before surging to new […]

On Dec. 9, Google’s Quantum AI team unveiled Willow, a cutting-edge quantum computing chip that represents a significant milestone in quantum technology. Willow features 105 physical qubits and improved error correction, enabling it to handle computations that challenge even the most powerful supercomputers within known timescales in physics. Google emphasized that this development is a […]

The cryptocurrency market’s evolution continues apace as institutional and retail money flows reshape trading dynamics. With a total market capitalization of $3.73 trillion, both traditional and crypto-native institutions are leaving their mark across multiple market segments. Institutional capital flows most visibly through the growing ETF ecosystem. Bitcoin ETFs have accumulated $104.52 billion in assets, commanding […]

Bitcoin remains steady at $95,700, just shy of its recent all-time high of $99,645.39 reached six days ago. Ethereum has gained 1.25% in the last 24 hours to trade at $3,566.36, while Solana has cooled to $235.92 after hitting its own peak of $263.21 five days ago. Despite these slight pullbacks, the cryptocurrency market has […]

Jim Cramer, the outspoken host of CNBC’s “Mad Money,” took time on November 26 to address the public’s reaction to his recent comments about cryptocurrencies. Opening with reflections on his recent series about market froth and excess, Cramer reminded viewers of the importance of securing gains in a volatile market. He urged investors to consider […]

Hong Kong’s digital banking sector has reached a significant milestone as ZA Bank, one of the city’s largest digital banks, introduces direct cryptocurrency trading for retail customers. According to a press release issued earlier today, the bank has integrated crypto trading directly into its banking app, initially supporting Bitcoin and Ethereum trading in both HKD […]

On Friday, President-elect Donald Trump announced hedge fund manager Scott Bessent as his nominee for Treasury Secretary, according to a report by The Wall Street Journal. Bessent, a seasoned investor and founder of Key Square Capital Management, is set to take on a pivotal role in shaping the administration’s economic policies. Bessent, formerly Chief Investment […]

On Wednesday, Ripple CEO Brad Garlinghouse gave an interview to Maria Bartiromo on Fox Business to discuss the impact of the Trump administration’s pro-crypto stance on the digital asset industry, Ripple’s strategy, and regulatory clarity. Garlinghouse explained Ripple’s focus on improving cross-border payments by leveraging blockchain technology and its native digital asset, XRP. He noted […]

Charles Schwab Corporation plans to offer spot cryptocurrency trading once regulations become clearer under the Trump administration, incoming CEO Rick Wurster announced Thursday, according to a report by Paige Smith for Bloomberg. “We will get into spot crypto when the regulatory environment changes, and we do anticipate that it will change, and we’re getting ready […]

The cryptocurrency market has entered a new phase of expansion, with total market capitalization reaching $3.15 trillion amid a 2.6% daily increase. Daily trading volume across the crypto ecosystem stands at $402.3 billion, indicating significant market activity across multiple sectors and asset classes. Bitcoin continues to dominate the market at $91,284.77, demonstrating sustained strength with […]

Arca and BlockTower announced on Nov. 13 that they have signed a letter of intent (LOI) to merge their operations, aiming to form a significant force in the field of crypto asset management. According to the release, the combined firm will consolidate its business units under a single brand, while BlockTower Venture Capital will continue […]

On November 6, CNBC’s MacKenzie Sigalos spoke with Michael Bucella, Co-Founde and Managing Partner at crypto-focused investment firm Neoclassic Capital, on CNBC’s “Power Lunch” to discuss how the crypto market could be impacted by the incoming Trump administration. Bucella explains that Donald Trump, who was initially not supportive of the crypto sector, has recently adopted […]

In his recent appearance on CNBC’s “Squawk Box”, VanEck’s Head of Digital Assets Research, Matthew Sigel, provided an analysis of cryptocurrency markets, their current trends, and the anticipated influence of the 2024 U.S. presidential election on digital assets, especially Bitcoin. Sigel began by talking about Bitcoin’s remarkable climb above $68,000, attributing this growth to a […]

Hong Kong Exchanges and Clearing Limited (HKEX) has announced the upcoming launch of its HKEX Virtual Asset Index Series, marking a major step in the development of a growing asset class and strengthening Hong Kong’s status as Asia’s leading center for digital assets. Set to debut on 15 November 2024, the Index Series will deliver […]

On October 23, Consensys, a leading company in the blockchain and Web3 industry, made a strong appeal for clearer digital asset regulations in the United States. This comes amid its ongoing lawsuit against the U.S. Securities and Exchange Commission (SEC), which Consensys accuses of regulatory overreach that hampers innovation. Clarissa Watson, the firm’s Editorial Lead, […]

Recently, Raoul Pal, Co-Founder and CEO of financial education platform Real Vision, shared his thoughts on how the growing convergence of AI and blockchain could reshape society and the economy. In an X post on October 19, Pal suggested that as AI increasingly takes over traditional tasks, people may turn to speculation on cultural communities […]

Bitcoin surged above the $68,000 level on Wednesday, reaching a peak not seen since July 29 and triggering a broader rally across the cryptocurrency sector. Over the past week, Bitcoin has gained 10.6%, while Ethereum (ETH) has climbed by around 9.9%. Other prominent tokens have also followed suit, with Solana (SOL) gaining 10.2%, and Dogecoin […]

The “2024 State of Crypto” report from a16z Crypto, the cryptocurrency-focused arm of the venture capital firm Andreessen Horowitz (a16z), presents an in-depth look at the significant advancements in the cryptocurrency space, revealing an industry that has not only grown but also evolved in key areas like political relevance, infrastructure, and user adoption. One of […]

In a highly charged Massachusetts Senate debate on 15 October 2024, Democratic Senator Elizabeth Warren faced off against her Republican challenger, John Deaton. Crypto regulation became a focal point of their clash, with Warren accusing Deaton of prioritizing the interests of the crypto industry over the needs of working-class Americans. She claimed that 90% of […]

Grayscale Investments has filed to convert its Grayscale Digital Large Cap Fund (GDLC) into an exchange-traded fund (ETF), expanding its existing suite of crypto ETFs, according to a report by Helene Braun for CoinDesk. GDLC currently trades over-the-counter and tracks the CoinDesk Large Cap Select Index, offering exposure to five major cryptocurrencies: Bitcoin (BTC), Ether […]

Chainalysis, in a blog post published on 9 October 2024 — based on an excerpt from their recent 2024 Geography of Cryptocurrency Report — revealed that Latin America is the fifth largest region in cryptocurrency activity, contributing 9.1% of the total value received between July 2023 and June 2024. Chainalysis highlighted that the region received […]

On 10 October 2024, Bitnomial Exchange LLC filed a complaint in the United States District Court for the Northern District of Illinois, seeking declaratory and injunctive relief against the U.S. Securities and Exchange Commission (SEC). The complaint centers on what Bitnomial claims is the SEC’s overreach in attempting to regulate its XRP US Dollar Futures […]

On 10 October, the U.S. Securities and Exchange Commission (SEC) announced that it had filed a civil enforcement action against Chicago-based Cumberland DRW LLC, the crypto-focused subsidiary of DRW Holdings, LLC, a diversified trading firm that engages in proprietary trading across various asset classes. The SEC claims that Cumberland operating as an unregistered dealer in […]

Nearly half of hedge funds traditionally focused on standard asset classes now have exposure to cryptocurrencies, according to an article by Olga Kharif published earlier today by Bloomberg. According to Bloomberg, a recent survey by the Alternative Investment Management Association and PwC found that 47% of hedge funds investing in traditional markets have ventured into […]

At an event at NYU School of Law, U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler expressed skepticism about the future of Bitcoin and other cryptocurrencies as mainstream payment methods, according to a report by Cheyenne Ligon for CoinDesk. Gensler argued that it is unlikely digital currencies will ever play a significant role as […]

In a press release issued on October 9 by the U.S. Attorney’s Office for the District of Massachusetts, federal prosecutors announced criminal charges against 18 individuals and entities for engaging in widespread fraud and market manipulation within cryptocurrency markets. These charges mark the first-ever criminal case targeting market manipulation and “wash trading” in the digital […]

Earlier today, a prominent crypto analyst shared his concerns about the current market conditions, expressing that he has a “weird” feeling about the space. Posting on the social media platform X, the analyst explained that although it’s difficult to fully describe, he feels something isn’t quite right with the market. The analyst outlined several reasons […]

On October 8, Crypto.com announced that the company had filed a lawsuit against the U.S. Securities and Exchange Commission (SEC). The exchange explained that the lawsuit is a response to a Wells notice issued by the SEC, which Crypto.com argues is part of the agency’s overreach in regulating the crypto industry.  Kris Marszalek, Co-Founder and […]

Bitwise Asset Management announced on Friday plans to convert its three crypto futures ETFs from long-only strategies to a dynamic rotation strategy that balances exposure between cryptocurrencies and U.S. Treasuries based on market trends. The conversion is expected to occur on or around 3 December 2024. According to the press release issued by Bitwise on […]

The U.S. Securities and Exchange Commission (SEC) announced on 2 October 2024 that Gurbir S. Grewal, the Director of the Division of Enforcement, will depart from his role on 11 October 2024. After his departure, Sanjay Wadhwa, the current Deputy Director, will assume the position of Acting Director, while Sam Waldon, the Division’s Chief Counsel, […]

A man in the UK, Olumide Osunkoya, has admitted to charges related to the unlawful operation of cryptocurrency ATMs, making him the first individual convicted for such offenses in the country, according to a report by James Hunt for The Block. The press release by the Financial Conduct Authority (FCA), which is the UK’s main […]

Jerry Brito, the founding executive director of the prominent crypto advocacy organization Coin Center, has announced his decision to step down from his role by the end of the year, according to a report by Jesse Hamilton for CoinDesk. He revealed his plans in a post on the Coin Center website, stating that while he […]

John Deaton, a well-known attorney and advocate for cryptocurrency, has taken a strong stance against a Federal Reserve-issued central bank digital currency (CBDC) as he campaigns for a U.S. Senate seat in Massachusetts, according to a recent report by Josh O’Sullivan for Cointelegraph. In an interview with Generation Infinity, Deaton made it clear that he […]

Investor Christian Angermayer has relocated from London to Lugano, Switzerland, citing concerns over the UK’s tax reforms targeting affluent residents. According to a recent report by Ben Stupples, Devon Pendleton, and Emily Nicolle for Bloomberg, Angermayer’s decision follows the UK’s plans to raise taxes on offshore wealth for high-net-worth individuals, which could impact non-domiciled residents who previously benefited […]

During her appearance on CNBC’s “Squawk Box,” Senator Cynthia Lummis of Wyoming provided an insightful take on the regulatory landscape surrounding digital assets, the challenges posed by existing frameworks, and the current state of the 2024 election. Lummis emphasized that, despite the progress seen in the crypto industry, particularly over the last year, the U.S. […]

Bank of New York Mellon Corp. (BNY Mellon) is progressing towards offering custody services for Bitcoin and Ether held by exchange-traded product (ETP) clients, according to a report by Olga Kharif and Lydia Beyoud for Bloomberg News. This comes after a review by the U.S. Securities and Exchange Commission’s Office of the Chief Accountant, which did not […]

At the TOKEN2049 conference in Singapore, Anthony Scaramucci, founder of SkyBridge Capital, shared that he and a group of cryptocurrency advocates are working directly with U.S. Vice President Kamala Harris to help shape her campaign’s policies on digital assets ahead of the 2024 elections. According to Scaramucci, the group aims to guide Harris and the […]

Binance has witnessed a 40% increase in institutional and corporate investors joining its platform this year, CEO Richard Teng told CNBC during an interview at the Token2049 conference in Singapore. Teng, who became CEO in November 2023, emphasized that institutional involvement in the crypto space is still in its early stages, as many firms are […]

In a recent post on social media platform X, Ki Young Ju, the founder of CryptoQuant, voiced serious concerns about the state of the Web3 and the broader crypto industry—excluding Bitcoin. Ju emphasized that while Bitcoin remains unaffected, the rest of the crypto space is in crisis due to its failure to generate the same […]

On September 18, in an interview with CNA’s Asia First, Anthony Scaramucci, founder of SkyBridge Capital and former White House communications director, shared his views on the upcoming U.S. election and its potential impact on the cryptocurrency market. Scaramucci expressed concerns over Donald Trump’s latest venture, World Liberty Financial, a cryptocurrency project that he believes […]

A cryptocurrency trader has lost more than $1.1 million in less than two months after making a large bet on popular decentralized finance platform MakerDAO (MKR), the entity behind the cryptocurrency-backed stablecoin DAI, in late July. According to data from blockchain analysis service Lookonchain, the trader spent $2.9 million to buy 1,100 MKr tokens in […]

Donald Trump took another step into the crypto world during a two-hour event on September 16, when he revealed key details about his DeFi project World Liberty Financial and its upcoming WLFI token. According to reports by The Block and CNBC, while the token has not been launched, its structure and distribution plans were outlined […]

Donald Trump has become a prominent figure in the cryptocurrency community, leveraging the support of crypto enthusiasts in his bid for votes and campaign contributions. However, according to a recent Bloomberg report, the biggest names in the crypto industry, like Coinbase Co-Founder and CEO Brian Armstrong, have remained notably absent from his list of financial […]

The cryptocurrency market, valued at roughly $2 trillion, has birthed a niche yet crucial service sector: crypto custody. Bloomberg reports this market, currently worth about $300 million, is growing at an estimated 30% annually, catching the attention of traditional financial institutions. Safeguarding digital assets comes at a premium. Hadley Stern, chief commercial officer for Solana […]

Donald Trump has revealed the official launch date for World Liberty Financial, his family’s new cryptocurrency project, signaling a deeper engagement with the crypto sector. The announcement was made on Thursday afternoon, with Trump inviting supporters to a live event on Twitter Spaces scheduled for September 16 at 8 p.m. ET. A report by Jason […]